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Loss from listed equity shares

Jatin Verma (72 Points)

21 July 2020

whether it is mandatory to disclose in ROI the losses incured from shares and mutual funds?

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annu Goyal (1102 Points)
Replied 21 July 2020

Yes, you should show loss, this can help in set off against Any gain from these shares

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Jatin Verma (72 Points)
Replied 21 July 2020

Is it mandatory ?
if assessee don't want to show in his return can he avoid such loss?

Shivam RC (Student) (23683 Points)
Replied 22 July 2020

It's better to disclose the loss incured from listed equity shares ( whether short term capital loss or long term capital loss ). You will only be benefitted in the future. This loss can be carried forward in the future and can be set off against any Capital Gain from Listed Equity Shares.

NOTE : Long Term Capital Loss can be set off only against Long Term Capital Gains. [ Section 70(3) ].

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